Director, Compliance Advisory SEA
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Fueled by a fundamental belief that having access to financial services creates opportunity, PayPal (NASDAQ: PYPL) is committed to democratizing financial services and empowering people and businesses to join and thrive in the global economy. Our open digital payments platform gives PayPal’s 375 million active account holders the confidence to connect and transact in new and powerful ways, whether they are online, on a mobile device, in an app, or in person. Through a combination of technological innovation and strategic partnerships, PayPal creates better ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid. Available in more than 200 markets around the world, the PayPal platform, including Braintree, Venmo and Xoom, enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies.
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Job Description Summary:
Delivering on the regulatory requirements for PayPal Pte. Ltd. (“3PL”) in Singapore & Southeast Asia (SEA), this Leadership position is responsible for second line oversight of the Risk and Compliance Management Program in the local market, driving a data-driven approach that meets both the PayPal global framework and all local regulatory requirements. This role will report to the Head of APAC Risk & Compliance.Job Description:
- Key point of contact for oversight of local execution of the Enterprise Risk and Compliance Management framework
- Utilize risk assessment, risk appetite and other key risk indicators to drive real-time risk insights and intelligence to adequately manage 3PL and SEA risks
- Provide day to day management and support for all local regulatory interactions, examinations and adhoc requests.
- Provide guidance to business partners relating to the development of controls for critical business processes to mitigate compliance/operational risk.
- Support in the drafting of presentation materials to the 3PL and SEA Board of Directors and Risk Management Committees
- Partner with the Global Risk & Compliance team to ensure compliance with local prudential risk and compliance requirements.
- Identify potential areas of operational risk and compliance vulnerability, developing and implementing solutions to resolve issues, and providing guidance for future avoidance of similar issues.
- Serve as a credible business partner to executives and other key stakeholders.
- Execute risk and compliance assessments and recommendations to strengthen the control environment.
- Provide subject matter expertise to the business in identifying, assessing, prioritizing, and managing risk.
- Ensure regulatory requirements are understood and complied with within emerging growth initiatives and new products.
- Support drafting of key policies and guidelines.
- Collaborate with cross-functional team professionals; strive to deliver exceptional and responsive service by providing risk and compliance management expertise in a clear, solution oriented and customer-focused manner.
- Support execution of regulatory change management initiatives.
- Support maintenance of risks in line with risk taxonomy, framework and assessment process.
- Support first line in prioritization of risk mitigation.
- Escalate timely and actionable information to key stakeholders.
- Support management and operations with problem solving on regulatory matters.
- Deep knowledge of global financial institutions, money service business, and/or banking compliance, including significant knowledge of anti-money laundering, data protection, anti-corruption/Foreign Corrupt Practices Act, and consumer protection regulations.
- At least 10+ years of experience in a large organization including demonstrated leadership in building risk and compliance frameworks.
- At least 7 years of people management experience.
- Extensive experience with regulators and the regulatory exam process, ideally for non-bank financial institutions.
- Law degree preferred.
- Ability to navigate across multiple geographies, including global shared services functions that reside outside Singapore.
- Demonstrated ability to build and maintain relationships with key stakeholders, including strengths in influencing, conflict management, and negotiation.
- Ability to communicate complex matters in a simple and clear manner.
- Ability to take ownership of outcomes and the ability to work with business unit teams to confront issues and drive performance.
- Skilled at identifying and recommending cost effective solutions and organizing resource allocation.
- Extensive experience in partnering with and counseling senior business clients, particularly in the context of a rapidly changing environment.
- Strong problem solving and operational process skills and attention to detail.
- Excellent ability to analyze regulatory risks in complex business processes, and recommend controls to mitigate those risks.
- Excellent presentation and project management skills with the ability to successfully work multiple issues at one time.
- High energy and creativity, an entrepreneurial spirit and the desire to work in a growing and changing environment.
- Ability to work within a matrixed environment, and cross functionally with operations and technology functions.
- Ability to operate with strong integrity with the ability to handle projects of a sensitive and confidential nature.
- Strong computer knowledge; excellent MS Word, Excel, Visio, and PowerPoint skills.
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